Record 2016 Renewable Energy Levels Came 23% Cheaper Than 2015 — Clean Technica #ActOnClimate

From Clean Technica (Joshua S. Hill):

Specifically, according to the United Nations Environment Programme (UNEP), global investment in renewable energy for 2016 came in at $241.6 billion, 23% less than in 2015, but nevertheless helped to deploy 138.5 gigawatts (GW) of new renewable energy capacity (excluding large-hydro), a figure up 8% from the 127.5 GW installed in 2015. The new report UNEP report, Global Trends in Renewable Energy Investment 2017, found that the total investment level was the lowest it has been since 2013, due in large part to falling costs, rather than a drop in demand.

“Ever-cheaper clean tech provides a real opportunity for investors to get more for less,” said Erik Solheim, Executive Director of UN Environment. “This is exactly the kind of situation, where the needs of profit and people meet, that will drive the shift to a better world for all.”

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